“I read enough books to make me dangerous.”
That’s the quote from our special guest today.
A thirst for knowledge is an excellent virtue to have but in some cases, you might encounter information overload. Or in other rare cases, you might be reading the wrong books or getting advice from mentors with hidden agendas.
Unfortunately today’s Summer Series guest, Michael, is in the latter category.
Folks, if you have been stung by a spruiker before, you’ll know that it’s not easy getting back on the property ladder and trusting another so-called property professional.
But Michael did.
Despite being a victim of opportunity cost, he did not let that deter him at all. In fact, he learned from each experience – good and bad, and stood up to the challenge, stronger and more motivated than ever.
But how did he recover from all the bad purchases? (Yes, there were a few!)
Tune in for all these and more folks, because his true story starts waaaaay before he bought the first investment stock property 😉
Free Stuff Mentioned
- FREE eBook – Make Money Simple Again
- Free Physical Book (just cover shipping!) – The Armchair Guide to Property Investing
- Start Your Financial Transformation Today! (learn all about how MoneySMARTS, MoneyFIT + MoneySTRETCH can change your life)
Here’s what we cover…
- 1:17 – Meet Michael
- 1:58 – What was it like growing up in a caravan park?
- 4:41 – “I knew money was tight I suppose, but…”
- 6:47 – Why was building his own house at 20 his first mistake?
- 9:55 – Setting up his finances on his own!
- 11:35 – When did the drive to own his own home begin?
- 12:33 – What happened when he was 21 that taught him the biggest money lesson ever?
- 13:43 – His fortnightly spreadsheet updates!
- 16:05 – The discovery of MoneySMARTS
- 17:02 – How having a goal changed his habits and mindset
- 18:57 – “That’s the other thing; I’ve done everything wrong” – the mistakes that made him realise he couldn’t do it alone
- 19:20 – Here’s where the spruiker story begins!
- 21:26 – What are the signs to look out for to spot a spruiker?
- 22:50 – The 10-year property journey that changed his life
- 27:05 – Why did he decide to pay for professional advice?
- 29:50 – When reading too much is dangerous…
- 33:37 – What should you expect from a great property advisor?
- 36:35 – Get your partner on board!
- 37:50 – What does planning for the future look like?
- 39:22 – What convinced him to let go of his spreadsheets?
- 41:00 – His end game and the #1 advice for others
Note: There are more real-life investor stories like this in our Summer Series! Make sure you check them all out here.
Keen to Get Started with MoneySMARTS?
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